REAL: coins that pay you to hold them

Most launchpads ship a token whose only asset is attention, sat on a bonding curve you have to babysit until it graduates. REAL does something simpler and stronger. Every coin is minted in a single transaction directly onto a real Uniswap v3 pool, with the entire supply deposited as locked liquidity and the LP position burned so it can never be pulled. There is no curve to babysit, no graduation to wait for, and no reserve to rug. The coin trades like an ordinary Uniswap pool from its very first block.

On top of that base, REAL routes the pool's 1% swap fees to one of three places depending on the mode a creator picks: the treasury, the creator's own wallet, or the holders themselves. In the flagship RWA mode those fees are converted to real Paxos USDG and streamed pro-rata to every holder as claimable dividends. The result is a memecoin that pays you to hold it, built entirely out of locked liquidity and honest swap fees.

A launch is one transaction. There is no curve phase and no migration step. Here is the whole thing, start to finish.

1. Mint a fixed supply. Every coin has exactly 1,000,000,000 tokens. That number never changes: no inflation, no hidden mint.
2. Create the pool. The launcher opens a real Uniswap v3 token/WETH pool at the 1% fee tier, at an opening fully-diluted valuation of roughly $6,000.
3. Deposit the whole supply, single-sided. The entire 1B supply goes in as token-only liquidity, ranged from the opening price upward. No ETH is seeded on the other side. Buyers walk the price up the range as they trade, exactly like a normal Uniswap position, but the shape is set by real liquidity rather than a synthetic curve.
4. Lock the LP forever. The LP NFT is locked and the principal is never withdrawable. Only the 1% swap fees the position earns can ever be harvested. Liquidity cannot be pulled, so the coin cannot be rugged.
5. Optional atomic dev-buy. In the same transaction the creator can make the first buy. Because it happens atomically at creation, that first buy is provably first: no bot can slip in front of it. Launches are snipe-proof by construction.

The token address itself is CREATE2-mined so that it always sorts below WETH. That means the token is always token0 and every REAL pool has the same orientation, which keeps price math and indexing uniform across every coin.

All three modes launch identically: 1B supply, single-sided liquidity, LP locked forever. They differ in exactly one thing, where the harvested 1% swap fees go.

Meme

The default. The pool earns its 1% swap fee, harvests flow entirely to the treasury, and the coin is otherwise a plain locked-liquidity launch. Nothing to configure, nothing to claim.

Fee share

The creator sets a fee wallet, and harvested swap fees land there after a treasury cut (20% by default). This turns a launch into a revenue stream for the person who ran it: the more the coin trades, the more its creator earns.

RWA dividends

The flagship. Harvested fees are converted into real Paxos USDG and streamed to every holder in proportion to their balance. The default split sends 50% to holders and 50% to the treasury, and both sides are tunable. Holders do nothing to earn it: just holding the coin accrues USDG they can claim at any time. The next section covers exactly how.

RWA mode uses standard magnified-dividend-per-share accounting, the same battle-tested pattern used by dividend tokens across DeFi, so distribution stays exact and cheap no matter how many holders there are.

Mirroring balances

On every transfer, the token mirrors each holder's new balance into a per-coin DividendDistributor. The distributor always knows the exact circulating balance of every holder, which is what lets it split incoming USDG pro-rata down to the last unit.

Harvest, convert, distribute

Anyone can call harvestFees(token). It is permissionless: no admin key gates it. A harvest pulls the pool's accrued swap fees, converts them to USDG (real Paxos USDG, 6 decimals), and distributes the holders' share across the distributor. Because it is open to anyone, the community can keep dividends flowing without waiting on the team.

Who earns, and who does not

Only real circulating holders earn. The pool itself, the locked LP position, and the burn address are all excluded from the distribution. That means the fees generated by trading are shared among the people actually holding the coin, not diluted back into liquidity or paid to dead supply.

Claiming is pull-based

Holders read their claimable balance with dividendsOf(token, holder) and withdraw it by calling claim()on the coin's distributor. Payouts are pull-based on purpose: the protocol never pushes USDG during a transfer, so a badly-behaved recipient can never brick a transfer or a distribution. Your dividends sit there safely until you pull them.

A REAL coin is a normal Uniswap v3 pool, so trading it needs no special tooling.

Trade the raw pool.Any Uniswap v3 router, wallet, bot, or aggregator can swap the token against WETH directly from block one. Doing so pays only the pool's 1% fee and no platform fee at all. You are never locked into REAL's frontend.

Trade ETH-native via PlatformSwapRouter. For convenience, REAL ships a PlatformSwapRouter that lets you buy and sell with native ETH in and out, wrapping and routing for you. Trades that go through it pay an optional 1% platform fee on top of the pool fee. It is a convenience layer, never a toll gate: the raw pool is always open at no platform cost.

Locked liquidity means no rug.Because the LP is locked forever and principal is never withdrawable, the liquidity you trade against on day one is the same liquidity that will be there on day one thousand. The only thing anyone can ever take out of the position is the swap fees, and even those are routed by the coin's mode rather than pocketed.

The launch fee is a small flat charge to the treasury. The 1% pool fee is the same Uniswap fee for every coin; the only thing that changes between modes is where a harvest sends it. The platform fee is entirely optional, since anyone can route around it by trading the raw pool.

• Liquidity is locked forever. The LP NFT is locked and the principal can never be withdrawn. There is no function, for anyone, that pulls the liquidity out. A rug is not merely discouraged, it is impossible.
• No curve to exploit. Because coins are ordinary Uniswap pools from block one, there is no virtual reserve, no graduation logic, and no floor accounting to game. The attack surface of the old bonding-curve world simply does not exist here.
• Permissionless harvesting. Anyone can trigger a fee harvest, so RWA dividends never depend on a team keeper being online. The flow keeps running even if the protocol operators go quiet.
• Pull-based claims. Dividends are always pulled, never pushed during a transfer, so no recipient can brick a transfer or stall a distribution. Your claimable USDG waits for you safely.
• Snipe-proof launches.The optional atomic dev-buy runs in the creation transaction itself, so the creator's first buy is provably first and no bot can front-run the launch.

Every REAL coin is a standard Uniswap v3 token/WETH pool at the 1% fee tier, with the token always sorted as token0. That means you can price, chart, and route it with the same tooling you already use for any Uniswap market, no protocol-specific code required.

To index REAL launches, watch the launcher contract for its events:TokenCreated when a coin is minted, LaunchedToDEX when its locked pool opens, and BoughtOnDex for the atomic dev-buy. Together they give you the full lifecycle of a coin from a single address.

For RWA coins, read a holder's claimable dividends with dividendsOf(token, holder) and let them withdraw with claim()on the coin's distributor. Harvests are open to anyone via harvestFees(token).